Development to get nearly 400 affordable homes – three years early

One of Europe’s biggest developments is to hand over nearly 400 affordable homes, three years early.
Battersea Power Station and Peabody have entered into a partnership to deliver the first 386 affordable homes at the Battersea Power Station development.
Peabody was chosen by the developer from several government registered providers for its detailed knowledge and expertise in providing this type of housing.
Preliminary works begin this year, and should be ready for local residents to move into in 2020. Patel Taylor is the appointed architect on this phase and the design of these new buildings – ranging from one to four bedroom properties – will be modelled on London’s grand redbrick mansion blocks.
All homes will have private outdoor space – balconies, terraces, access to private residents’ gardens – and 98 per cent will be dual aspect.
The development is expected to have a new £13 million NHS medical centre, as well as
workspaces for start-up businesses. The homes will be a mix of shared ownership and
affordable rent. The rented homes will be significantly discounted from market rate and there
will be homes available on a part rent, part buy basis.
These are the first 386 affordable homes that Battersea Power Station is committed to
delivering with a review mechanism due to take place nearer completion to confirm the final
number of affordable homes.
A statement from the Malaysian shareholders of the Battersea Power Station project said they are committed to giving back to the communities in which they operate. It added: “They recognise the importance of creating shared value and this is embedded in all their undertakings to ensure that they contribute to building a harmonious and caring community.
Peabody chief executive Brendan Sarsfield said: “The regeneration of Battersea Power Station is an iconic scheme for the capital which we are pleased to be a part of. This collaboration will be an important part of the 2,500 new homes we are building each year. These top-quality, genuinely affordable homes will be on the doorstep of the new Northern Line tube station, making it a hugely desirable place to live and work.
“The traditional mansion block designs, with a courtyard and spaces for children to play, will be a great addition to the Nine Elms neighbourhood.
“We look forward to working with Wandsworth council, Battersea Power Station Development
Company and the GLA as the scheme progresses.”
BPS Development chief executive Rob Tincknell said: “We believe Peabody are one of the best in class when it comes to providing and looking after affordable homes so we are confident this partnership will ensure the local community benefits
sooner than we originally promised and can enjoy the high standards of accommodation they
rightly expect.
“The team at Battersea is committed to building a strong and diverse community across the
whole development along with ensuring the surrounding areas benefit too via new facilities
such as a new NHS medical centre, children’s play area and affordable workspaces. This sits
alongside the ongoing wider investment in the area such as the Northern Line extension to
Battersea and creating thousands of new jobs.
“We look forward to starting works on these homes with with Peabody and encourage locals to
register to become part of the Battersea Power Station community.”